AMETEK, Inc. $AME Shares Sold by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt decreased its stake in AMETEK, Inc. by 15.4%, selling 404,300 shares and now holding 2,223,965 shares, which represents approximately 0.96% of the company's total stock.
• AMETEK reported $1.78 earnings per share for the last quarter, beating analyst expectations, with quarterly revenue of $1.78 billion, a 2.5% increase year-over-year.
• The company's quarterly dividend of $0.31 per share is set to be paid on September 30th, equating to an annualized dividend yield of 0.7%.

Alecta Tjanstepension Omsesidigt reduced its position in AMETEK, Inc. (NYSE:AME - Free Report) by 15.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,223,965 shares of the technology company's stock after selling 404,300 shares during the quarter. AMETEK comprises about 1.9% of Alecta Tjanstepension Omsesidigt's holdings, making the stock its 15th biggest holding. Alecta Tjanstepension Omsesidigt owned 0.96% of AMETEK worth $402,338,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. DAVENPORT & Co LLC increased its stake in shares of AMETEK by 0.8% in the first quarter. DAVENPORT & Co LLC now owns 7,125 shares of the technology company's stock worth $1,226,000 after buying an additional 60 shares during the period. Alps Advisors Inc. boosted its stake in AMETEK by 1.0% in the 1st quarter. Alps Advisors Inc. now owns 6,260 shares of the technology company's stock worth $1,078,000 after purchasing an additional 60 shares in the last quarter. EWA LLC boosted its stake in AMETEK by 4.9% in the 1st quarter. EWA LLC now owns 1,382 shares of the technology company's stock worth $238,000 after purchasing an additional 65 shares in the last quarter. Buckhead Capital Management LLC lifted its stake in AMETEK by 0.3% during the 1st quarter. Buckhead Capital Management LLC now owns 22,830 shares of the technology company's stock valued at $3,930,000 after acquiring an additional 65 shares during the period. Finally, Signaturefd LLC lifted its stake in AMETEK by 1.5% during the 1st quarter. Signaturefd LLC now owns 4,625 shares of the technology company's stock valued at $796,000 after acquiring an additional 67 shares during the period. 87.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. KeyCorp upped their price target on shares of AMETEK from $195.00 to $205.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. TD Cowen raised shares of AMETEK from a "sell" rating to a "hold" rating and increased their target price for the stock from $158.00 to $180.00 in a report on Tuesday, September 2nd. DA Davidson increased their price objective on shares of AMETEK from $210.00 to $215.00 and gave the company a "buy" rating in a report on Friday, August 1st. Melius lowered shares of AMETEK from a "buy" rating to a "hold" rating and set a $192.00 price objective for the company. in a report on Monday, July 14th. Finally, Robert W. Baird increased their price objective on shares of AMETEK from $190.00 to $198.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, AMETEK currently has an average rating of "Moderate Buy" and a consensus target price of $205.00.

AMETEK Stock Down 0.5%

AME traded down $0.89 on Friday, hitting $187.81. The company had a trading volume of 1,570,693 shares, compared to its average volume of 1,045,382. The stock has a fifty day moving average price of $183.88 and a 200-day moving average price of $177.25. AMETEK, Inc. has a 12-month low of $145.02 and a 12-month high of $198.33. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.04 and a current ratio of 1.63. The stock has a market capitalization of $43.37 billion, a price-to-earnings ratio of 30.24, a P/E/G ratio of 2.70 and a beta of 1.10.

AMETEK (NYSE:AME - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.09. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.74 billion. AMETEK had a return on equity of 16.53% and a net margin of 20.60%.The firm's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.66 earnings per share. AMETEK has set its Q3 2025 guidance at 1.720-1.760 EPS. FY 2025 guidance at 7.060-7.200 EPS. Analysts predict that AMETEK, Inc. will post 7.15 EPS for the current fiscal year.

AMETEK Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, September 15th. AMETEK's dividend payout ratio (DPR) is currently 19.97%.

AMETEK Company Profile

AMETEK, Inc manufactures and sells electronic instruments and electromechanical devices in the North America, Europe, Asia, and South America, and internationally. The company's EIG segment offers advanced instruments for the process, aerospace, power, and industrial markets; process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries; instruments to the laboratory equipment, ultra-precision manufacturing, medical, and test and measurement markets; power quality monitoring and c devices, uninterruptible power supplies, programmable power and electromagnetic compatibility test equipment, and sensors for gas turbines and dashboard instruments; heavy trucks, instrumentation, and controls for the food and beverage industries; and aircraft and engine sensors, power supplies, embedded computing, monitoring, fuel and fluid measurement, and data acquisition systems for aerospace and defense industry.